in Major Global Markets
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On Major Global Markets
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BENEFITS OF TRADING INDEX CFDs
WITH BYFX GLOBAL
At BYFX Global, we offer you cash CFDs on indices trading, with no expiry dates and tighter spreads compared to future CFDs.
Clients can place trades on margin, BYFX Global offers competitive leverage for traders to grasp market opportunities more efficiently.
Index CFDs are financial derivatives give you access into various stock markets without buying or selling the underlying assets. Index CFD trading allows traders to trade on the price movements of the performance of each overall stock market.
A stock market index is a measurement of a section of the stock market in a region and is typically a weighted value that indicates the value of the selected stocks. Our cash index CFDs are undated transactions which aim to replicate the cash price of the underlying index, and therefore adjusted for interest and dividends.
At BYFX Global, traders can experience easy and simple trading on Index CFDs.
| Trading Symbol | Underlying Index | Denomination | Contract Size per lot | Minimum/ Maximum Contract Size (LOTS) | Average Spread | Session Time (GMT +8) |
| DOWUSD | The Dow Industrial Average (US30) | USD | 10 contracts | 0.01 / 5 | 50 | Mon 06:35 – Sat 04:10 (Summertime) Mon 07:35 – Sat 05:10 (Wintertime) |
| HSIHKD | Hang Seng Index (HK50) | HKD | 50 contracts | 0.01 / 5 | 10 | Mon– Fri 09:15 – 11:55, 13:00 – 16:10 |
| DAXEUR | DAX Index | EUR | 10 contracts | 0.1 / 5 | 180 | Mon 07:30 – Sat 04:00（Summertime） Mon 08:30 – Sat 05:00（Wintertime） |
| NIKJPY | Japan 225 | JPY | 100 contracts | 0.01 / 5 | 100 | Mon 07:00 – Sat 04:15（Summertime） Mon 08:00 – Sat 05:15（Wintertime） |
| TRADING SYMBOL | DOWUSD |
| UNDERLYING INDEX | THE DOW INDUSTRIAL AVERAGE (US30) |
| DENOMINATION | USD |
| CONTRACT SIZE PER LOT | 10 CONTRACTS |
| MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS) | 0.01 / 10 |
| Average Spread | 50 |
| SESSION TIME (GMT +8) |
MON 06:35 – SAT 04:10 (SUMMERTIME) MON 07:35 – SAT 05:10 (WINTERTIME) |
| TRADING SYMBOL | HSIHKD |
| UNDERLYING INDEX | HANG SENG INDEX (HK50) |
| DENOMINATION | HKD |
| CONTRACT SIZE PER LOT | 50 CONTRACTS |
| MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS) | 0.01 / 5 |
| Average Spread | 10 |
| SESSION TIME (GMT+8) |
MON– FRI 09:15 – 11:55, 13:00 – 16:10 |
| TRADING SYMBOL | DAXEUR |
| UNDERLYING INDEX | DAX INDEX |
| DENOMINATION | EUR |
| CONTRACT SIZE PER LOT | 10 CONTRACTS |
| MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS) | 0.1 / 5 |
| Average Spread | 180 |
| SESSION TIME (GMT+8) |
MON 07:30 – SAT 04:00（SUMMERTIME） MON 08:30 – SAT 05:00（WINTERTIME） |
| TRADING SYMBOL | NIKJPY |
| UNDERLYING INDEX | JAPAN 225 |
| DENOMINATION | JPY |
| CONTRACT SIZE PER LOT | 100 CONTRACTS |
| MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS) | 0.01 / 5 |
| Average Spread | 100 |
| SESSION TIME (GMT+8) |
MON 07:00 – SAT 04:15（SUMMERTIME） MON 08:00 – SAT 05:15（WINTERTIME） |
- The Dow Jones Industrial Average, often referred to as The DOW or DJIA, is a price-weighted index that tracks the value of 30 publicly owned companies listed on the NASDAQ and the New York Stock Exchange (NYSE). It is represented in real-time by The DOW price. The DOW has grown to become one of the oldest and most-watched indices and is seen by investors as an indicator to the US stock market.
- The index includes some of the world’s largest companies by market capitalisation, including Apple Inc (AAPL), Exxon Mobil Corp (XOM) and The Walt Disney Company (DIS), thus making Dow trading popular with many of our clients.
Trading Symbol HSIHKD2
- The Hang Seng Index, also abbreviated as HSI, is one of the earliest stock market indexes in Hong Kong. Publicly launched in 1969, HSI has become the most widely quoted indicator of the performance of the Hong Kong stock market.
- The Hang Seng Index is a free float-adjusted market-capitalization-weighted index that tracks the value of 50 publicly owned companies listed on the Hong Kong Stock Exchange. These 50 constituent companies are some of Hong Kong’s largest companies by market capitalisation, and represent about 58% of the Hong Kong Stock Exchange.
- DAX30 is a German stock market index comprising the 30 biggest companies trading on the Frankfurt Stock Exchange (FSE). It was launched by Deutsche Börse Group back in July 1988.
- DAX30 is regarded as an indicator for the total return, which nominally reinvest its dividend income back in the stocks. It is considered as a strong measure of German economic health due to German’s contribution of its one-third of economic growth in Europe. Thus, DAX30 is also considered as the healthy indicator of Europe economy.
Trading Symbol CHAUSD4
- FTSE China A50 Index is a real time tradable index launched to meet the demand of domestic investors and qualified foreign institutional investors (QFII). The FTSE China A50 Index comprises of the 50 largest companies in the Chinese A-share market. Many global investors view the index as an accurate indicator of the Chinese market.
- FTSE China A50 conducts quarterly review in March, June, September and December each year, so as to ensure that the index reflects the situation in Chinese market.
- The Nikkei 225 index is a price-weighted stock market index for the Tokyo Stock Exchange, measuring the performance of 225 publicly owned Japanese companies across a wide range of sectors.
- The Nikkei 225 index futures contract was launched on the Singapore Exchange (SGX) in 1986 and subsequently launched on the Chicago Mercantile Exchange (CME) in 1990.
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OTHER IMPORTANT NOTICE
DOWUSD trading incurs financing cost (Rollover)
CFDs on cash stock indices are undated transactions that do not expire. For each day that a position is open, adjustments are calculated to reflect the effect of (i) financing fee, and, if necessary, (ii) dividends.
i) A daily interest adjustment is calculated for any position that is held overnight, i.e. past 16.45 of the time zone of the index. These adjustments are posted daily to the client’s account. Please note that on Fridays open positions will be adjusted for 3 days funding, covering the weekend.
Interest in respect of long positions is debited from a client’s account, and interest in respect of short positions is either credited to or debited from a client’s account.
ii) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. Dividend adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as a debit or credit cash entry in the rollover “swap”.
In most cases, if you long an Index CFD, you are credited a dividend adjustment. If you are short, you will be debited a dividend adjustment.
For further information regarding dividends click here.
Double margin (1:50 leverage) applies to open DOWUSD positions at 03:45 GMT+8 Saturday (Summer time) and 04:45 GMT+8 Saturday (Winter time). Please be aware that once implemented, any margin deficit in account will subject to an automated liquidation to any position to bring the account into margin compliance. Please carefully review the likely impact of Double Margin for weekend rollover and manage the risk accordingly.